iShares ESG Screened S&P Mid-Cap ETF (BATS: XJH)

iShares ESG Screened S&P Mid-Cap ETF (BATS:XJH), Trade Ideas

iShares ESG Screened S&P Mid-Cap ETF

<ul>
<li>Under the Possible Offer, each MariaDB shareholder would be entitled to receive:
<ul>
<li>$0.60 for each MariaDB share, payable in cash.</li>
</ul>
</li>
<li>The Possible Offer would represent a premium of approximately:
<ul>
<li>9 per cent. to the possible offer of $0.55 per share made by K1 Capital, announced on February 16, 2024;</li>
<li>88 per cent. to MariaDB's average closing share price on the last 30 trading days prior to the March Possible Offer Announcement; and</li>
<li>216 per cent. to MariaDB's closing share price on February 5, 2024, the last full trading day prior to the announcement by MariaDB of a forbearance agreement with RP Ventures LLC.</li>
</ul>
</li>
<li>The Possible Offer values MariaDB's entire issued ordinary share capital at approximately $40.6 million.</li>
<li>In addition, in connection with the closing of the transactions contemplated by the Possible Offer, Progress proposes that it would complete the purchase or repayment of the Senior Secured Promissory Note issued by MariaDB to RP Ventures LLC ("RP Ventures"), a company associated with Runa Capital, Inc. ("Runa"), on October 10, 2023 (the "RP Note"), with RP Ventures being entitled to receive:
<ul>
<li>$40 million in total with respect to the RP Note (but excluding any amounts attributable to ownership of MariaDB shares).</li>
<li>This represents a premium of approximately 55 per cent. to the outstanding amount of the RP Note including the principal and accrued interest as of March 31, 2024 of approximately $25.9 million.</li>
</ul>
</li>
<li>The Possible Offer implies an enterprise value of approximately $100.6 million and a multiple of approximately 2 times MariaDB's revenue for the twelve months ended December 31, 2023.
<ul>
<li>Given the liquidity challenges faced by MariaDB, there are other potential outstanding liabilities, estimated to be approximately $20 million, which would be assumed by Progress should it complete an acquisition of MariaDB.</li>
</ul>
</li>
</ul>

News

MRDB

PRGS

Progress Software Considers Possible Offer To Acquire All Of The Debt And The Entire Issued And To Be Issued Capital Of MariaDB; MariaDB Shareholder Entitled To Receive $0.60/Share; Values MariaDB At ~$40.6M

Truist Securities analyst Michael Ciarmoli maintains Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) with a Hold and lowers the price target from $20 to $14.

Price Target

Analyst Ratings

ATSG

Truist Securities Maintains Hold on Air Transport Services Gr, Lowers Price Target to $14

By <a href="https://roboforex.com/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_19042024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex</a> Analytical Department
Gold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for &quot;safe-haven&quot; assets amid escalating geopolitical tensions and uncertain global economic conditions.
The recent sharp increase in geopolitical tensions, particularly in the Middle East, has overshadowed optimistic remarks from Federal Reserve officials. The Fed&#39;s monetary authorities are currently inclined towards gradual interest rate cuts throughout the year, given the persistent strength of inflation and the robust state of the US economy. However, the deepening conflict, especially with Iran&#39;s involvement, has heightened concerns about the stability of the region, diminishing hopes for a quick diplomatic resolution.
Gold&#39;s role as a defensive asset has been reinforced under these circumstances, with expectations that its price could climb even higher if the Middle East conflict continues escalating. Investor interest in gold will likely to persist as long as the situation remains volatile.
The focus on gold as a safe investment has largely overshadowed other economic indicators, including fluctuations in the value of the US dollar and other currencies.
<h3>Technical Analysis Of XAU/USD</h3>
<a href="https://www.benzinga.com/files/u117641/xauusdh4_11.png"><img alt="" src="https://www.benzinga.com/files/u117641/xauusdh4_11.png" style="height:280px; width:624px" /></a>
On the H4 chart of XAU/USD, a broad consolidation range has formed around 2379.70. Exiting this range upward opens the potential to target 2437.00. Following this, a correction to the level of 2323.23 might commence, possibly extending to 2183.42. This scenario is supported by the MACD indicator, with its signal line positioned above zero but poised to decline towards new lows.
<a href="https://www.benzinga.com/files/u117641/xauusdh1_12.png"><img alt="" src="https://www.benzinga.com/files/u117641/xauusdh1_12.png" style="height:280px; width:624px" /></a>
On the H1 chart, XAU/USD exhibits a diverging &quot;Triangle&quot; formation around 2379.70. A downward movement to 2342.42 could occur, followed by an upward trajectory to 2437.00. Upon reaching this peak, a decline to 2323.23 is anticipated. This corrective movement is the initial target. The Stochastic oscillator, with its signal line currently above 20, is expected to rise towards 80, suggesting potential upward movements within this framework.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Technicals

Markets

Trading Ideas

General

Gold Hits Record High Amid Growing Geopolitical Tensions

Barclays analyst Brandt Montour maintains Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) with a Overweight and raises the price target from $123 to $124.

WYNN

Barclays Maintains Overweight on Wynn Resorts, Raises Price Target to $124

Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) reported upbeat earnings for its <a href="https://www.benzinga.com/news/earnings/24/04/38313173/why-is-alternative-investment-giant-blackstone-stock-falling-premarket-thursday">first quarter FY24 on Thursday</a>.
Blackstone reported adjusted revenues of $2.55 billion, beating the consensus of $2.49 billion. Distributable earnings (DE) rose 1% Y/Y to $1.27 billion. Fee-related earnings grew by 12% Y/Y to $1.16 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Distributable earnings per share of $0.98<a href="https://www.benzinga.com/calendars/earnings"> topped the consensus of $0.97</a>.
Asset under management rose 7% Y/Y to $1.06 trillion, with inflows of $34.0 billion in the quarter.
Blackstone declared a quarterly dividend per share of 83 cents, payable on May 6, 2024, to shareholders of record as of April 29, 2024.
Stephen A. Schwarzman, Chairman and CEO, said, "Blackstone reported strong first-quarter results, highlighted by accelerating momentum in our private credit and private wealth businesses. We are seeing a strengthening transaction environment and attractive opportunities to deploy capital. We are well positioned to navigate today's dynamic market landscape, with a portfolio concentrated in compelling sectors and nearly $200 billion of dry powder available to invest."
Blackstone shares fell 2.3% to close at $120.32 on Thursday.
These analysts made changes to their price targets on Blackstone following earnings announcement.
<ul>
<li>JP Morgan cut the price target on Blackstone from $105 to $100. JP Morgan analyst Kenneth Worthington maintained a Neutral rating.</li>
<li>Barclays lowered the price target on Blackstone from $129 to $125. Barclays analyst Benjamin Budish reiterated an Equal-Weight rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/04/38332596/meta-platforms-pure-storage-and-2-other-stocks-insiders-are-selling">Meta Platforms, Pure Storage And 2 Other Stocks Insiders Are Selling</a>

Earnings

Blackstone Analysts Slash Their Forecasts After Q1 Earnings

Wedbush analyst Michael Pachter reiterates Beyond (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) with a Outperform and maintains $43 price target.

Reiteration

BYON

Wedbush Reiterates Outperform on Beyond, Maintains $43 Price Target

In <a href="https://beaconsecurities.ca/about/">Beacon Securities</a>&#39;s latest report issued after the <a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article">Benzinga Cannabis Capital Conference</a> in Florida, analysts delved into significant developments and key conversations that are shaping the future of the cannabis industry.
The report highlights the optimism among key operators and multi-state operators (MSOs) regarding impending regulatory changes and their potential to transform the industry&#39;s landscape.
<h3>Anticipation For DEA&#39;s Rescheduling Decision</h3>
A major point of discussion was the anticipated reclassification of cannabis from a&nbsp;Schedule I substance to&nbsp;Schedule&nbsp;III following the <a href="https://www.benzinga.com/markets/cannabis/23/08/34120876/health-officials-to-dea-ease-federal-restrictions-on-cannabis-will-this-set-stage-for-legalizati">August recommendation</a>&nbsp;from the Dept. of Health and Human Services to the DEA to ease federal&nbsp;restrictions on cannabis.&nbsp;
The DEA&nbsp;move, expected soon, could eliminate the stringent restrictions of the 280e&nbsp;IRS tax code, sparking enthusiasm among industry players. However, the exact timeline remains uncertain, with speculation swirling around the possibility of a decision aligning with the politically charged 4/20 holiday.&nbsp;
&ldquo;The issue is now in front of the DOJ&rsquo;s Office of Legal Counsel, indicating it is approaching the finish line. The question continues to be whether or not the DEA will hold a public comment period. If it does, the required time implies the decision should come sooner rather than later. There was also some speculation that the combination of <a href="https://www.benzinga.com/markets/cannabis/24/04/38278653/cannabis-banking-reform-closer-than-ever-d-c-insiders-tell-benzinga-conference-cannabis-etf-spik">Rescheduling</a>, <a href="https://www.benzinga.com/markets/cannabis/24/04/38278653/cannabis-banking-reform-closer-than-ever-d-c-insiders-tell-benzinga-conference-cannabis-etf-spik">SAFER Banking</a>, and an expected DOJ memo may be enough to allow US exchange listings,&rdquo; reads Beacon&#39;s&nbsp;report.&nbsp;
This rescheduling could pave the way for U.S. exchange listings, signaling a major shift in the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482521/curaleaf-and-trulieve-lead-the-pack-in-tax-payments-a-look-at-16-cannabis-msos-liab"> industry&#39;s financial </a>and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/34153665/cannabis-tax-changes-could-trigger-504-cash-flow-leap-which-industry-players-will-b">regulatory framework</a>.&nbsp;
<h3>SAFER Banking And Cryptocurrency Integration</h3>
Meanwhile, attendees to the Conference also discussed the effort to attach the <a href="https://www.benzinga.com/markets/cannabis/23/09/34960099/crypto-twist-safer-banking-act-insights-cory-gardner-ed-perlmutter-at-benzinga-cannabis-capital-">SAFER Banking Act</a> to a <a href="https://www.benzinga.com/markets/cryptocurrency/22/05/27115920/what-are-stablecoins-how-do-they-work-how-many-are-there">cryptocurrency</a> (<a href="https://www.benzinga.com/money/are-stablecoins-safe-right-now">stablecoin</a>) legalization bill, suggesting an innovative legislative strategy.&nbsp;
This proposed package aims to streamline cannabis banking and financing, making it more accessible and less risky for financial institutions.
<h3>Florida&#39;s Path To Adult-Use Legalization</h3>
The push for adult-use cannabis legalization in<a href="https://www.benzinga.com/topic/florida-cannabis"> Florida</a> faces a tough battle, with <a href="https://floridapolitics.com/archives/670221-fau-poll-just-47-support-recreational-pot-measure-with-18-undecided/">recent polls</a> indicating that support falls just short of the required 60% voter approval. Despite this, the report noted industry leaders are rallying, with <a href="https://www.benzinga.com/markets/cannabis/24/04/38077599/cannabis-companies-pony-up-15m-to-support-florida-legalization-amendment-adding-to-trulieves-40m">significant financial support</a>&nbsp;flowing into the campaign.
The presence of an abortion rights measure on the same ballot could indirectly benefit the cannabis initiative by boosting voter turnout and diverting opposition funds. Florida&#39;s<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38037571/floridas-6b-cannabis-market-anticipates-400-growth-following-court-decision-allowin"> potential market expansion</a> is a tantalizing prospect for operators, both established and new entrants, signaling a fervent commitment to overcoming legislative hurdles.
Photo: AI-Generated.&nbsp;

Cannabis

Legal

Events

DEA Public Comment Period And A Cannabis-Related Crypto Bill? You Heard It First At Benzinga Conference

Google&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) CEO, Sundar Pichai, expressed the necessity for Google to uphold its open culture while also adhering to workplace rules. His comment came after 28 Google employees were fired for protesting against the company&#8217;s cloud deal with Israel.
What Happened: Pichai emphasized the need for focus, collaboration, and respectful disagreements within the company, The Wall Street Journal <a href="https://www.wsj.com/tech/google-fires-28-employees-for-protesting-companys-cloud-deal-with-israel-382f4a50">reported</a> on Friday.
In an email, Pichai announced a restructuring of Google&#8217;s devices and mobile software divisions, asserting that Google is not a platform for disruptive debates or political disputes. 
He stated, &#8220;This is too important a moment as a company for us to be distracted.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network: &#8216;It&#8217;s Insanely Hard&#8217;</a>
Despite the claims from the dismissed employees that not all of them were directly involved in the protests, Google confirmed that all 28 were participants, as validated by video evidence. Google also clarified that none of the employees caused property damage or threatened others during the protests.
Why It Matters: This decision<a href="https://www.benzinga.com/markets/equities/24/04/38306735/google-reportedly-fires-28-staff-members-over-israel-cloud-contract-protests-majority-of-our-emp"> follows the suspension</a> and subsequent arrest of nine workers. The employees were protesting Google&#8217;s involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes Amazon.
The protests took place at Google's New York and California offices. This incident has drawn criticism from venture capitalist Marc Andreessen, who highlighted the <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies">alarming state of affairs at Google</a> and its implications for AI safety. Andreessen&#8217;s concerns echo those of Elon Musk about the potential dangers of AI.
Price Action: On Thursday, Google closed slightly lower at $155.97. It was trading 0.37% lower during the pre-market session on Friday.
Read Next: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217;</a>
Photo via Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

Tech

AMZN

GOOG

GOOGL

Sundar Pichai Announces Restructure After Google Fires Protesting Employees: 'Too Important A Moment As A Company To Be Distracted'

<ul>
<li>TSLA</li>
<li>DJT</li>
<li>NFLX</li>
<li>NVDA</li>
<li>TSM</li>
<li>GLD</li>
<li>ES</li>
<li>QQQ</li>
<li>HOOD</li>
<li>CORN</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

HOOD

NFLX

NVDA

TSLA

Top 10 Trending Stocks On WallStreetBets As Of April 19, 2024 (Via Swaggy Stocks)

Charlotte Flair, the daughter of wrestling legend Ric Flair, continues to forge a remarkable path in professional wrestling, closely mirroring her <a href="https://www.benzinga.com/markets/cannabis/24/04/38303764/exclusive-mike-tyson-or-ric-flair-who-can-smoke-more-weed">father&#8217;s charismatic legacy. </a>
With an early start in World Championship Wrestling as a child, Flair has become a formidable athlete and a central figure in WWE. She&#8217;s acclaimed as a 14-time women&#8217;s world champion across various WWE platforms, embodying the prowess and resilience her lineage is known for.
<h3 class="wp-block-heading" id="h-strategic-career-advancements">Strategic Career Advancements</h3>
Flair has recently secured her future with WWE by signing a new, lucrative, long-term contract, confirming her position as one of the top female wrestlers in the sport. This deal is notable for its generous financial terms, making it one of the highest-paying contracts awarded to a female wrestler within WWE. 
It underscores her pivotal role and immense value to the wrestling franchise, highlighting her status as a marquee athlete.
In addition to substantial compensation, Flair&#8217;s contract includes exclusive perks such as a personal travel bus, a luxury usually reserved for the most prominent and influential stars. 
This provision emphasizes WWE&#8217;s commitment to Flair&#8217;s comfort and mobility, ensuring she maintains her rigorous schedule in peak condition. It reflects the organization&#8217;s strategic approach to retaining talent and enhancing its brand while solidifying its loyalty amidst a competitive landscape with rivals like AEW actively seeking top performers.
<h3 class="wp-block-heading" id="h-impact-and-influence-of-the-mat">Impact and Influence Of the Mat</h3>
The Detroit event promises to be an influential gathering for sports enthusiasts and business professionals. It is designed to provide insights into sports figures&#8217; strategic moves beyond their athletic careers, featuring sessions on business strategies and insider knowledge from industry leaders. 
Flair&#8217;s participation highlights her ongoing influence in and out of the ring as she continues to embody the crossover success between sports performance and business insights.
Flair&#8217;s ongoing commitments to wrestling and contributions to sports business discussions position her as a pivotal figure in the evolving relationship between sports and business worlds. Her upcoming talk in Detroit is anticipated for its content and the inspirational presence she will bring to the event.
<h3 class="wp-block-heading" id="h-why-you-should-attend-benzinga-s-draft-event">Why You Should Attend Benzinga&#8217;s Draft Event</h3>
Benzinga is a leader in the events space. It has the experience to connect its audience with speakers, panelists, and other attendees. The financial media company has organized 32 &#8220;Business Titans&#8221; events and is known globally for its popular, high-profile gatherings.
The Benzinga Sports Business Titans event features a strong lineup of speakers from the sports and business worlds. Each guest will share their journeys of entrepreneurship and investments. Athletes, social media stars, and business leaders will share advice and provide a behind-the-scenes look at how sports and business often intersect. <a href="https://www.benzinga.com/nfldraft/" target="_blank" rel="noreferrer noopener">Get tickets here</a>.
Now Read: <a href="https://www.benzinga.com/general/sports-betting/24/04/38318190/michigan-wolverines-will-have-6-high-demand-players-in-2024-nfl-draft-will-history-repeat-">Michigan Wolverines Will Have 6 High-Demand Players In 2024 NFL Draft: Will History Repeat Itself?</a>
Photo: Shutterstock

Sports

WWE Superstar Charlotte Flair Body Slams Expectations: Takes Center Stage At Benzinga NFL Draft

Wedbush analyst Seth Basham reiterates Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and raises the price target from $140 to $170.

Wedbush Reiterates Neutral on Genuine Parts, Raises Price Target to $170

Barclays analyst Simon Coles maintains Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) with a Overweight and raises the price target from $145 to $150.

Barclays Maintains Overweight on Taiwan Semiconductor, Raises Price Target to $150

Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has introduced a novel shopping application for Taobao, China&#8217;s largest online market. The application&nbsp;is designed&nbsp;for&nbsp;Apple Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro mixed-reality headset.&nbsp;
This initiative emerges as Chinese consumers eagerly anticipate the headset&#8217;s launch in China, which Apple CEO Tim Cook anticipates later this year.&nbsp;
The application, which debuted last Friday, is currently compatible with the Vision Pro headset, priced at $3,499, and available only in the United States, SCMP&nbsp;<a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3259496/alibabas-taobao-launches-3d-capable-shopping-app-ahead-apples-mainland-release-vision-pro-mixed" rel="noreferrer noopener">reports</a>.
Early adopters in China, who acquired the headset from the US, have shared their positive experiences with Taobao&#8217;s 3D app on social media, applauding its enhanced product visualization features.
The app offers users a more immersive view of Taobao&#8217;s diverse product range, such as electronics, home appliances, and furniture, making these items appear as they would in real life.&nbsp;
For instance, users can see a DJI drone in 3D, complete with spinning propellers, and interact with it through hand gestures to view detailed aspects from every angle. Despite its innovative approach, feedback suggests that the virtual representation of product sizes could be more accurate.
Currently in its testing phase, the final version of Taobao&#8217;s 3D shopping app will launch concurrently with the Vision Pro&#8217;s official release in China. In addition to the shopping app, Alibaba has&nbsp;also&nbsp;launched a DingTalk app for Vision Pro, enabling workplace communication in a virtual 3D setting with message sending, video meetings, and interactive screen option features.
Taobao&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37289015/alibaba-to-sell-suning-stake-at-huge-loss-strategic-shift-or-financial-misstep" rel="noreferrer noopener">recently established a</a>&nbsp;live commerce subsidiary within Taobao Live, leveraging its momentum during significant events such as the Singles&#8217; Day festival, significantly increasing its gross merchandise value (GMV). Concurrently, Alibaba is expanding its international footprint, with its global e-commerce division—encompassing platforms like AliExpress, Lazada, Daraz, and Trendyol—experiencing a 44% surge in revenue to $4 billion during the December quarter, outpacing the growth of its leading e-commerce platforms, Taobao and Tmall Group.
Alibaba stock plunged over 26% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco Golden Dragon China ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and&nbsp;Tidal Trust II CoreValues Alpha Greater China Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGRO#NYSE">CGRO</a>).
Price Action:&nbsp;BABA shares traded lower by 0.62% at $68.45 premarket on&nbsp;the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

AAPL

BABA

CGRO

PowerShares Golden Dragon Halter USX China Portfolio

Alibaba's Taobao Launches 3D Shopping App for Apple's Vision Pro - A New Era for Online Retail in China

Jefferies analyst Yaron Kinar maintains Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) with a Hold and lowers the price target from $222 to $219.

Jefferies Maintains Hold on Travelers Companies, Lowers Price Target to $219

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li>Wells Fargo cut the price target for Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) from $11 to $6. Wells Fargo analyst Praneeth Satish downgraded the stock from Overweight to Equal-Weight. Sunnova Energy shares fell 3.6% to close at $3.78 on Wednesday. See how other analysts view this stock.</li>
<li>UBS boosted the price target for D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) from $192 to $200. UBS analyst John Lovallo maintained a Buy rating. D.R. Horton shares rose 0.1% to close at $145.88 on Thursday. See how other analysts view this stock.</li>
<li>UBS increased Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) price target from $113 to $141. UBS analyst David Vogt maintained a Buy rating. Dell shares fell 1% to close at $118.37 on Thursday. See how other analysts view this stock.</li>
<li>Pivotal Research boosted the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $765 to $800. Pivotal Research analyst Jeffrey Wlodarczak maintained a Buy rating. Netflix shares fell 0.5% to close at $610.56 on Thursday. See how other analysts view this stock.</li>
<li>Baird increased Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) price target from $95 to $98. Baird analyst David Koning maintained an Outperform rating. Block shares fell 2% to close at $72.06 on Thursday. See how other analysts view this stock.</li>
<li>JMP Securities boosted Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) price target from $61 to $66. JMP Securities analyst Jordan Bender maintained a Market Outperform rating. Red Rock Resorts shares fell 1.4% to close at $57.86 on Thursday. See how other analysts view this stock.</li>
<li>Morgan Stanley raised the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $74 to $85. Morgan Stanley analyst Keith Weiss upgraded the stock from Equal-Weight to Overweight. Shopify shares rose 0.1% to close at $69.51 on Thursday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group raised Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) price target from $250 to $275. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Tractor Supply shares slipped 0.02% to close at $247.35 on Thursday. See how other analysts view this stock.</li>
<li>B of A Securities boosted Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) price target from $50 to $56. B of A Securities analyst Andrew Didora maintained a Buy rating. Alaska Air shares rose 4% to close at $44.44 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies slashed Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) price target from $585 to $438. Jefferies analyst Ashley Helgans downgraded the stock from Buy to Hold. Ulta Beauty shares rose 0.1% to close at $425.11 on Thursday. See how other analysts view this stock.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38329059/netflix-procter-gamble-and-3-stocks-to-watch-heading-into-friday">Netflix, Procter &amp; Gamble And 3 Stocks To Watch Heading Into Friday</a>

DELL

NOVA

SHOP

TSCO

ULTA

Netflix To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Friday

Nordstrom Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) said its Board of Directors had formed a special committee of independent directors to explore a range of strategic,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38323727/nordstrom-forms-special-committee-of-independent-directors-in-response-to-erik-and-pete-nordstrom-" rel="noreferrer noopener">financial&nbsp;and&nbsp;operational alternatives</a>.
The move comes after CEO Erik Nordstrom and President Pete Nordstrom notified the Board of their interest in pursuing a potential transaction to take the company private.
The special committee will carefully evaluate any&nbsp;proposal&nbsp;from Erik and Pete Nordstrom and&nbsp;any proposals from&nbsp;other parties to see if they are in the best interests of Nordstrom and all shareholders.
This move by Erik&nbsp;and Pete aligns with&nbsp;the challenges facing U.S. department stores&nbsp;amid inflation and borrowing concerns, reported Reuters.
The&nbsp;formation of the committee&nbsp;signals the company&#8217;s openness to evaluate external proposals as well.
The company&#8217;s market capitalization stands at approximately $3.06 billion, as per LSEG data.
The founding family&#8217;s interest in taking Nordstrom private was initially reported in March, marking a renewed effort after an unsuccessful attempt in 2018. The company rejected a bid valued at $8.4 billion, citing undervaluation. Challenges in securing debt financing and disagreement over the price contributed to the breakdown in negotiations.
The family, collectively owning around 30% of outstanding shares, underscores their significant influence in the company&#8217;s decision-making process.
Rival&nbsp;Macy&#8217;s Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) has also received privatization offers from investors&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37449882/why-is-department-store-chain-macys-stock-surging-today" rel="noreferrer noopener">Arkhouse Management Co. LP and Brigade Capital Management, LP</a>&nbsp;in recent months, indicating a broader trend within the retail sector.
Price Action: JWN shares are trading higher by 0.16% at $18.76 in premarket on&nbsp;the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Movers

Nordstrom Considers Go-Private Proposal Amid Retail Sector Struggles

Truist Securities analyst Neal Dingmann initiates coverage on Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) with a Buy rating and announces Price Target of $46.

Initiation

Truist Securities Initiates Coverage On Delek Logistics Partners with Buy Rating, Announces Price Target of $46

Wedbush analyst Tom Nikic reiterates Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Outperform and maintains $68 price target.

Wedbush Reiterates Outperform on Skechers USA, Maintains $68 Price Target

JP Morgan analyst Steven Alexopoulos maintains Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) with a Overweight and lowers the price target from $50 to $48.

JP Morgan Maintains Overweight on Synovus Finl, Lowers Price Target to $48

D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/news/earnings/24/04/38315651/why-builder-d-r-horton-shares-are-surging-today">financial results on Thursday</a>.
D.R. Horton posted GAAP EPS of $3.52, topping market estimates of $3.07. The company&#8217;s sales came in at $9.100 billion versus expectations of $8.266 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
D.R. Horton had 45,000 homes in inventory, of which 27,600 were unsold as of March 31, 2024.
D.R. Horton updated FY24 outlook for revenue to $36.7 billion to $37.7 billion (prior view $36 billion-$37.3 billion) vs. the consensus of $36.32 billion. It now expects Homes closed to be 89,000 homes to 91,000 homes (prior view 87,000 homes-90,000 homes). DHI reiterated cash provided by operations guidance of around $3 billion and currently expects share repurchases of ~$1.6 billion.
Donald R. Horton, Chairman of the Board, said, &#8220;The D.R. Horton team delivered solid results in the second fiscal quarter of 2024, highlighted by earnings of $3.52 per diluted share. Consolidated pre-tax income increased 23% to $1.5 billion on a 14% increase in revenues to $9.1 billion, with a pre-tax profit margin of 16.8%.&#8221;
D.R. Horton shares rose 0.1% to close at $145.88 on Thursday.
These analysts made changes to their price targets on D.R. Horton following earnings announcement.
<ul>
<li>UBS raised the price target on D.R. Horton from $192 to $200. UBS analyst John Lovallo maintained a Buy rating.</li>
<li>Barclays cut the price target on D.R. Horton from $186 to $176. Barclays analyst Matthew Bouley maintained an Overweight rating.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333390/how-to-earn-500-a-month-from-innovative-industrial-properties-stock">How To Earn $500 A Month From Innovative Industrial Properties Stock</a>